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MSNBC
Nov 27, 2012 8:00pm PST
show." president obama can and should rely on labor to bolster his position in the fiscal cliff negotiations. labor is a major ally in protecting the middle class. today senior white house officials met privately with representatives of labor and other progressive groups. and attendees of the meeting say they were encouraged. one said, they expect taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. another attendee said the white house did not want to go over the fiscal cliff but would do so if necessary. would they do it? if it's between that and compromise on their core principles, i was left with the impression they would. white house officials also reportedly said they will insist republicans deal with the debt ceiling now as part of the fiscal cliff negotiations and not later. also today, aflcio local leaders from 33 states are putting pressure on congressional lawmakers to let the bush tax cuts expire for the wealthy and keep social security off the table. let's turn to james hoffa, general president of international
CNN
Nov 28, 2012 4:00am PST
and solvency, and we can do that in a separate setting other than this last-minute fiscal cliff negotiation. i will put medicare into the long-term negotiation here because, as i said, it runs out of money in twelve years. >> short-term what's on the table? >> what we need to put on the table in short-term is actual deficit reduction. we can do that through mandatory spending cuts in other areas. we can do it through the tax revenue that the president has called for. i think for instance, speaker of the house decided today to call the measure passed by the bipartisan senate to protect all families making $250,000 or less from any income tax increase december 31st, that would put enough revenue on the front end of this conversation to move us toward a solution. >> but so far i hear from you, in the short-term, no entitlements are on the table. >> only the medicare part of it, i want to be very careful. this means so much and we saw what a mess was made of it by paul ryan's budget, where the actual future of medicare was in doubt with his premium support plan. we don't want to go near that. we w
FOX
Nov 28, 2012 12:00pm PST
up 14. s & p is up 7. >>> 400,000 unemployed californians are also closely watching the fiscal cliff negotiations in washington, d.c. that's because emergency federal unemployment benefits are due to expire december 29, unless congress extends them. in california notices of the possible loss of benefits are in the mail this week. >>> powerball ticket sales are soaring today as the clock ticks down to tonight's drawing of a record jackpot. people all over the country are joining the rush to get rich. the powerball pay off has ballooned to more than $550 million. it's still growing. there are no powerball tickets sold in california. one of eight state that is don't sell powerball tickets. many are are relying on out of state friends to buy them a ticket. others are taking a trip to oregon to buy their chance at the good life. >>> today, a live look outside shows the sun has emerged from behind some of the rain clouds. the break is not expected to last for long. we're tracking the next round of storms and the impact they could have on the commute thursday. thank you for trusting ktvu, channel 2 news. w
MSNBC
Nov 28, 2012 10:00am PST
. >> the fiscal cliff negotiations the president trying to rally the middle class in favor of the tax increases on the rich, what is the next step in terms of the real key players which is the president and john boehner? i know they've been talking, there have been a lot of conversations on the phone. is there going to be a meeting? >> you know, andrea, i hesitates to make predictions but i would say that my guess we're probably in a similar place in 14 days as we are today, which is they're talking, the tax rates on the wealthy entitlement reform, these things are still on the table but we haven't had anything defintive. congress and washington in general works best and sometimes works only under a very tight deadline. i can't imagine anything getting done in the next 10 to 14 days, other than kind of the participants, the important participants getting together whether on the phone or in person to hash it out. i think we're looking at kind of closer to christmas rather than further from christmas for a deal if there is a deal chris cizilla, susan page, thank you very much. joining m
FOX News
Nov 27, 2012 11:00pm PST
are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust in the the entitlement program. there will be a tax increase on the wealthier americans of some size. i cannot believe that obama is going to travel around the country to make us think about this. if he doesn't think he will get them to go along with some marginal increase rates. >> dana: good point. let's get your take on that. president off campaign trail and major victory in the 2012 election. now he will go out and sell t
FOX Business
Nov 28, 2012 3:00pm EST
, fiscal cliff negotiations, and well point has received clearance from the justice department to move forward with its $4 billion purchase of rival health insurance company america group selling operations in virginia alleviating concern companies would have a monopoly in the northern part of the state to deal with the announcement in july. the proportion of student loan balances and delinquency means they aren't paid for 90 days. surpass that of credit cards in the third quarter, that is according to the federal reserve bank of new york. the financial crisis, student debt has risen 56% whereas other forms of debt credit are go -- on a mortgage declined 18%. we continue count down to the closing bell with liz claman. liz: breaking news. there may be another reason besides optimism coming out of john boehner's mouth about the fiscal cliff discussions. the wall street journal for the past 14 minutes just ran a headline by john hiltonraff ho is an insider when it comes to federal reserve reports, the fed will announce q e 4, large-scale asset purchase of some sort adding liquidity to the
CNN
Nov 28, 2012 2:00am PST
the time being the focus turns squarely on to fiscal cliff negotiations in washington, and the health of the u.s. economy. >> so let's talk about something that's good for us, right? and that's home prices. they are improving and recovering in much of the country. new home sales, those numbers come out today and we learned yesterday that home prices were up nationwide by 3.6% in the third quarter. this was according to a report by s&p case shiller. that's the biggest rise in more than two years. the cities with the strongest gains over the past year. home prices in phoenix up more than 20%. minneapolis, 9%. look at that, detroit, denver, dallas, tampa, there are only two big cities with homes losing value, just a smidge, new york, down 2%. chicago down about 1.5%. >> was that 20.4? where was that? >> phoenix. unbelievable. remember they had a huge decline, and now they're crawling out of the hole. you're seeing a lot of cash purchases and investor purchases in some of these places. some people, frankly, are, you know, they're buying up retirement -- their retirement home because they
FOX News
Nov 28, 2012 10:00am PST
approach to the debt deal with the republicans. the fiscal cliff negotiations. the tax hike negotiations. we don't know what's in the deal. syndicated columnist charles krauthammer is saying president is interested in destroying republicans in advance of the next mid-term election. fair and balanced debate coming up. >> this is a political attack on republicans. there is no evidence right now that he has any interest in the real fiscal issue because he would have to talk about spending and entitlements and he isn't. megyn: deadly developments out of syria. two coordinated car bombs rocking the capital of damascus. a car bomb ripped through commuters, and as they rushed to help another bomb won't off. a syrian newspaper report says the attack targeted those loyal to bashar al-asaad. new questions about president obama's approach to the fiscal cliff negotiations. taxes are going to go up and there will be massive defense spending cuts come next year if they don't do something on capitol hill. we showed you at the top of the hour how the white house was grilled about what spend
FOX News
Nov 27, 2012 10:00pm PST
quote, tax refunds. >> the democrats want to fold the debt ceiling into the year-end fiscal cliff negotiations. but as you pointed out, i mean, this debt ceiling is, $16.4 trillion that you are going to exceed and they will use, quote extraordinary measures or tools -- >> that's cooking the books. let's face it -- if you don't have any more money and you -- you have no more money and you can't borrow, you have no credit and you can get an extra two months, that means you are cooking the books. >> republicans have said, we are willing to work on the debt ceiling, all of those things. but we have to do something about the cause of the debt. that's runaway federal spending. >> according to the democrats, they want the taxes to go up on the rich, over $250,000, which means there would be enough money to run the government for eight or nine day, leaving 357 days unfunded. we have our structural problem. it solves the problems for eight or nine days. do they say anything about that? >> no. really, if you raise taxes on people who create jobs, i mean, they think you are going to get more revenue. you get
CSPAN
Nov 28, 2012 1:00am EST
rice. senate majority whip david gergen on negotiations to work an appeal on the so-called fiscal cliff. after that, more from senate leaders who spoke with reporters after party lunches today at the capitol. later a discussion on how wall street investors are preparing for the possible tax hikes and budget cuts. now, republican senators on their meeting with you in ambassador susan rice on the attacks in libya that killed four americans. >> a very candid discussion with the director of the cia. we are significantly troubled by many the answers we got. the evidence was overwhelming leading up to the attack on our consulates. whether ambassador rice was informed sufficiently is a correct depiction of the events that took place. but the intervention was incorrect when she said it was a spontaneous demonstration. it was not, and there was compelling evidence that the time that that was not the case, including statements by libyans as well as other americans. mortars and rocket-propelled grenades were not spontaneous demonstrations. >> i think it does not do justice to the reality at the ti
CSPAN
Nov 28, 2012 7:00am EST
hour of today's show we will be turning our attention to parts of the so called "fiscal cliff" negotiations. today we are focusing on the bush-era income taxes. we're having a roundtable discussion in our last hour from a democratic and republican perspective on that. so stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washi
CNBC
Nov 28, 2012 1:00pm EST
over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> all three of the major indices in the green with the dow leading the way up 66 points on the trading session or .5%. >>> down to the nyse floor, trading action there, bob pisani is back w
PBS
Nov 28, 2012 12:00am PST
mcconnell dismissed the president's new tactics. >> as we head into the fiscal cliff negotiations, my advice to the president would be... it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity here at the end of the year to do something something important for the country. >> brown: at the same time there were some signs on both sides of the aisle that there might be a little give in previous positions. republican senator bob corker of tennessee outlined his proposal in the "washington post." he called for tax revenue increases, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left
Current
Nov 27, 2012 8:00pm PST
progressive. >> eliot: for more on the fiscal cliff negotiations, i'm joined by congressman peter welch, democrat from vermont. thank you for joining us. >> thank you. >> eliot: what should the deal look like? all of the chatter smoke and mirrors, what is the deal you would like to see? >> well, first of all, i do believe the middle class has a stake and a good, solid balanced, deficit reduction plan. the plan should be what the president campaigned on, namely balance. that means we've got to have a substantial contribution from revenues. the revenues have to come from the folks who have been making good money during the recession. that's folks over $250,000 or some number close to. that the pentagon's got to make a contribution and if there is anything on healthcare, it's gotta be about reforming it, bringing the costs down, not cutting benefits. >> eliot: let's drill down a couple of pieces of this. what do you think the underlying ratio should be between cost cutting and revenue generation. last summer it was 10 to 1 in terms of cutting costs to revenue. thankfully the deal didn't ge
FOX Business
Nov 28, 2012 5:00pm EST
investors ears. stocks rallied big following word of progress in congress's fiscal cliff negotiations. yeah, i will believe it when i see it. after tumbling in early trading the dow rebounded more than 200 points, closing up 10 points. see what happens when congress stops screwing things up? i don't know. we'll see. >>> disney joining a wave of companies increasing their annual stock dividend. the company will raise the stock cash payout by 25% to 75 cents a share. disney is trading up slightly of a hours on the news. >>> shares of costco leaped more than 6%. the company beat expectations for november same-store sales and announced it will pay out a special stock dividend, $7 per share. >>> now to our top story tonight t could be a total game-changer for pensions and municipal creditors. the nation's biggest public employee pension fund, calpers, is preparing to sue the bankrupt city of san bernardino, california, since that city stopped making payments to the pension fund. calpers says the city already owes the fund almost $7 million since filing for bankruptcy in august, on august 1st. no
FOX Business
Nov 28, 2012 9:20am EST
the fiscal cliff negotiations will speak successful. use the word optimistic. market coming back a little on that. as we told you earlier forbes saying that 11 states are in a death spiral. their words. don't buy house in the 11 states, don't invest in their municipal-bond. joiiing us from one of those states is scott kennedy in chicago, ill.. what do you make of that? >> i totally agree. i am not going to buy another house in this state ever again and as markets said, at some point we will run out of spending other people's money. we can support the maxes with the tax rate here and obamacare on top of that. we are in a death spiral and more people will be leaving the state. stuart: i think you are a lifelong illinois guy and you are saying you would never again buy house in this state? really? >> do you know what the real-estate taxes are here? astronomical land set to go higher so we are going to be taxing those who bought houses already. people are not going to buy any more but they can't rent either because nobody is buying. we have a situation where you can have any housing. w
CSPAN
Nov 28, 2012 6:00am EST
. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusion. which leads me to make a further observation about how unfortunate it is that the majority leader has chosen to create an extraordinary controversy here in the senate right here at a time when we ought to be encouraging maximum bipartisan cooperation, about threatening to employ the nuclear option, which is to break the rules in order to change the rules of the senate. i hope cooler heads will prevail as we move through the process. we need to be wo
MSNBC
Nov 28, 2012 11:00am PST
strategy when it comes to the fiscal cliff negotiations. instead of meeting with republicans behind closed doors the president urging the public to apply pressure on the gop. earlier today, the president met with middle class americans at the white house and urged house republicans to extend tax cuts. democrats say would benefit 98% of americans and 97% of small businesses. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and just a few hours ago we found out the president will be hosting mitt romney for lunch at the white house tomorrow. it will be their first face to face since the last presidential debate and since governor romney accused the president of essentially buying the election. meanwhile, speaker boehner trying to keep the party's message united with taxes and pushing back against statements of gop congressman cole for republicans to fall in line with the president. >> i told tom earlier in our conference meeting th
CNN
Nov 28, 2012 11:00am PST
these fiscal cliff negotiations. so it is a busy time in washington right now. and mitt romney will be coming right into the thick of all of this. but, you know, a lot of this is happening just as it seems the romney folks and people in romney world are trying to resuscitate mitt romney's image somewhat. you see stu stevens taking out an op-ed in the washington post just today, brooke, talking about how losing is just losing, and that it is not a mandate to throw out every idea that this candidate expressed during the course of the campaign, and it is not an excuse to show what he called disrespect for what he calls a good man. so we're seeing a lot of mitt romney, not just from the former candidate, but from people around him as well. and so it is going to be interesting to watch all of that tomorrow. >> obviously we would love to be a fly on the wall in the room. we will not be there. but during his first post election press conference, the president hinted at some possible discussion points. watch. >> that's right. >> how can we make the federal government more customer friendly, ho
CNBC
Nov 28, 2012 4:00am EST
market is hanging on every word of this fiscal cliff debate here in washington, it was answered yesterday when senator harry reid came out before cameras and said that he was upset that there had been "little progress in the negotiations on the fiscal cliff." the indexes really took a dive. let me play you a bit of what harry reid had to say. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> so the important thing there is what harry reid actually said, which is he said that he doesn't think there's been enough progress from republicans. what he's meaning when he says that is that he doesn't think that they've conceded enough. so what the market took yesterday is a symbol that it was really evidence that the negotiations are ongoing. harry reid, the democrat, is asking for more concessions from the republicans, and in turn, republicans came out to those same cameras and expressed some criticism of the democrats. that's part of the normal sausage making process here in washington. nothing neces
CSPAN
Nov 27, 2012 8:00pm EST
medicare, medicaid should not be part of the fiscal cliff negotiations. should entitlements not be on the table? >> in the meeting i had with the president and the four leaders, president obama said social security is not what we are going to do on this and i agree with him. there are things that i personally think we can do with entitlements that don't hurt beneficiaries. but i'm not going to negotiate with you simply other than to say that we hope they agree to the tax revenue that we're talking about and that is rate increases and as the president said on a number of occasions, we'll be happy to deal with entitlements. >> the congressional wisdom on a fiscal cliff deal does that include receive news and cuts. you made it clear how you feel on revenues. >> we have already done more than $1 billion worth of cuts, so we need to get credit for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal - [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cli
Current
Nov 28, 2012 3:00am PST
president obama. so now the negotiations are underway. about how to avoid going off the fiscal cliff. and what is the president doing? yesterday, he met with small business leaders. at the white house. the white house met with leaders of jack lew, the chief of staff. met with leaders of the chamber of commerce. today the president is meeting with some middle class americans who would be severely impacted if the middle class tax cuts were to expire. what this article really references is the president the white house announced yesterday is going on the road on friday, he's going back. he's going up to pennsylvania. going to visit a toy store -- last saturday, he also visit at small business, bookshop with his daughters. in arlington virginia. to make the point. the president is going out there, the white house now says he will be going around the country and building up popular support for his plan and putting pressure on congress to pass his plan and republicans are suddenly whining and crying. mitch mcconnell says yesterday, this is terrible for the president to be out there campaig
FOX Business
Nov 28, 2012 1:00pm EST
. on the fiscal cliff negotiations. >>> allstate says superstorm sandy will cost it more than one billion dollars. the insurance company says 2/3 of the losses are in new york state, with the rest in new jersey and other states. sandy is expected to be the second most expensive disaster in u.s. history behind hurricane katrina. allstate is the largest publicly-traded home and auto insurer in the united states. >>> your holiday travel plans will cost you more this year. travel sites orbitz and kayak predict travelers traveling to top destinations will pay 8% more than they did last year. that is the latest from the fox business network, giving you the power to prosper. lori: both political sides publicly acknowledging that fiscal cliff talks are making very little progress. i'm shocked. melissa: it is shocking. lori: now president obama is meeting with chief executives for the second time in two weeks. can the business community muster pressure to bring parties closer to a deal. lou dobbs is here with his take. you must be surprised as well, sir? >> i am a little surprised. both si
FOX Business
Nov 27, 2012 10:00pm EST
his fiscal cliff policy positions rather than negotiate a compromise. president obama believing he won a mandate with 51% of the popular vote in last month's election. sitting down today with small business leaders at the white house meaning tomorrow with the ceos of larger firms and middle class taxpayers, and then a true campaign-style rally held in a toy factory on the outskirts of philadelphia friday where the president continues his christmas themed attacks against republicans and their positions. a meeting to hash out a deal with congressional leaders not on the president's schedule as of this moment. we'll take all of this up here tonight, and republicans taking action to resolve at least part of the illegal immigration dilemma, a strong moderate alternative to the democrats' dream act proposed, a dramatic republican pivot on the issue led by two outcoining republican senators who, today, introduced the achieve act. senator hitchenson of texas works on the legislation for almost a year, among our guests here tonight, and the republican party, some say it's in disarray after the
FOX
Nov 28, 2012 6:00am PST
doing enough negotiating about the fiscal cliff. -- fiscal cliff. instead he is taking his pitch to the public. >> reporter: instead of negotiating directly with republicans, president barack obama's schedule is focused on a more public outreach. they ask for public feedback and the obama campaign is more detailed about the president's plan to avid the visibility -- avoid the fiscal cliff. he met with small business owners and he meets with ceos and in middle-class families today and he takes his message on the road friday and republicans say, enough campaigning. >> it seems our friends on the other side are having difficulty turning off the campaign, we need sit down and work this matter out. >> reporter: they have a my 2k retch reference to -- reference to the 2,200 dollars tax increase that middle-class americans would see if the bush era taxes are not extended. ktvu channel 2 morning news allison burns. >>> time now 6:16, well the florida socialite involving general david petraeus is now speaking out. jill kelley hired a well-known lawyer in washington d.c. she has released phone recordings that she never tried to exploit her friendsh
MSNBC
Nov 28, 2012 6:00am PST
the new year both for the fiscal cliff talks which he is the lead negotiator on and for the president's inauguration but he didn't init tetend to str a full term. two other people we know vetted for this job roger altman and black rock ceo larry fink. leon panetta is another cabinet member who says he won't stay for the next four years but don't expect him to leave anytime soon. he's in charge of the withdrawal interest afghanistan and defense cuts. not quite as ready to leave as some people have been reporting. john kerry and michelle flournoy are the two names being floated. keep an eye on the commerce department, rebecca blank took over. could end up being the permanent replacement for her. no word on any imminent departure janet napolitano, eric holder, tom vilsack, education arn arne duncan, shaun donovan and kathleen sebelias. transportation secretary ray lahood. ken salazar and steven chu. while the president makes his case to the public, he may have to sell his position it to top democrats who are drawing their own lines in the sand as it to what should or shouldn't
CNN
Nov 28, 2012 1:00pm PST
. don't wait. call now. >>> a lot to talk about the so-called fiscal cliff. we will face tax heights unless we reach a debt reduction deal. there is no public evidence of progress in fiscal cliff negotiations as of this moment. sometimes on capitol hill, people suggest no leaks is good news. but others suggest the two sides are simply staring each other down on the key obstacles and posing for pictures in the meantime. >> there was plenty of public pho photo-ops around town. >> but in private, few signs of progress among negotiates. one veteran house republican is making waves, essentially agrees with president obama. >> my view is that 98% of my constituents don't need a tax increase. >> i applaud representative kohl for that common sense and brave position. but one key sticking point is taxes. democrats want to extend the tax rates and allow them to jump for wealthier americans. and cole said he does not recommend a tax hike for the wealthy. >> we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of the discussion right now. continue to fight against any rate increases, and don't to work for a bigger deal. >> is this the sign
FOX News
Nov 28, 2012 12:00pm PST
fight over the so-called fiscal cliff has gone from negotiations to playing out in public. today the president laid out the plan to step the looming tax hike in a public push that seemed like a campaign event. president obama meeting with a group of what he described as middle class americans, and repeated the argument for raising taxes on families earning more than $250,000, a plan which republicans so far reject. the president said the re-election shows a majority of americans support his approach. >> not just democrats but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willing to put revenue on the table the it is time for
CNN
Nov 28, 2012 9:00am PST
not go off the so-called fiscal cliff and he's negotiating with republicans behind closed doors but obviously making his case to the public, very much putting pressure on those members of congress to do it his way as well. so we'll have more on that. >>> we're also following another story. this is backlash on capitol hill. this is criticism of the u.n. ambassador susan rice. it is now heating up as she meets with more republicans and faces more questions. we're going to have a live report up next. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need
FOX News
Nov 28, 2012 2:00am PST
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pl
FOX News
Nov 28, 2012 8:00am PST
the nation avoid falling off the fiscal cliff. senate democrats, though, are refusing to negotiate taking a hard line against cuts to entitlements like medicare and social security benefits. so where does this all leave us? we heard the president weighing in on it moments ago. let's talk about it with bob cusack, managing editor of the hill. is either side bulging or blinking right now, bob? >> well, if any side is drinking right now it's the republican side because they are trying to wrestle with what they should give up on on taxes, whether that is increasing tax rates or withholdings. democrats, fresh off the election, using that political capital, they are seeing more and more is off the table. in 2011 the president said everything should be on the table, that included entitlement reform. now democrats are saying, social security we shouldn't mess with, these what senator harry reid said. the president has backed him up on that. other -ts are saying let's not cut medicare benefits. it's going to be very difficult to get a deal. the more and more members you talk to they are not talkin
KRON
Nov 28, 2012 6:00am PST
. >> the fiscal cliff remains the focus today, as investors awaited further news on the negotiations. u.s. stock futures are lower in early trading. u.s. stocks ended the day lower, as read some comments sparked a late today sell- off. on tap for today, investors will get a look at the health of the housing market, when the census bureau work release of october's data on new home sales. later this morning, the federal reserve released the october edition of its beige book, a survey of regional economics. apple has reportedly fired the manager responsible for its troubled mapping software. richard williamson, who oversaw the mapping team, was pushed out by senior vice president eddy cue. will some follows in the footsteps of i o s software head scott forstall, who was fired a month ago after refusing to apologize for the maps launch fiasco. >> protesters are calling on the president to scale back his new powers. take a look at video from protesters last night. tens of thousands of people packed the tahir square last night in a demonstration that was mostly peaceful, however one protester d
FOX News
Nov 27, 2012 7:00pm PST
senate republicans have any sort of active role in this discussion on the fiscal cliff? >> yes. obviously we're leaning to speaker john boehner and the house, the republican negotiating position, and the president representing the democrats in both the house and senate, to make the -- to kind of present the -- their conclusions to the rest of us, but it still has to be voted on in the house of representatives, the republican house members need to support it for it to pass. in the senate, it's not just enough for 51 democratic senators to be supportive. the rules here permit the minority to have some rights. at least we still have some rights until the rules are changed. as a result we do have a voice. it has to be something that's acceptable to senate republicans as well as house republicans. >> greta: have you seen any indication that senator harry reid wants to cut any of the spending? >> no, no. >> greta: none? >> you never get him to talk about reducing spending by a dime. it's always about adding revenue. they're not even satisfied to have more money. they have to specify where it comes from. rich people have to pay it as a result of an increase in tax rates, otherwise w
FOX News
Nov 28, 2012 3:00pm PST
. to get off the fiscal cliff. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. is it a negotiating ploy or really what president obama beliefs can happen? the president may be going down a new path tonight in deficit reduction efforts. it's a path that is sure to lead to many obstacles from the other side. chief white house correspondent ed henry has the new developments in a time sensitive story. >> in a dramatic move today, president obama seemed to be trying to split the budget talks to two pieces. suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put revenue on the table. but
FOX Business
Nov 28, 2012 4:00pm EST
for direction we have two silos in the fiscal cliff, government spending cuts and tax side and we feel they will negotiate down, put forth a package. that package will be torn apart and to not full too much gdp, i see growth happening but if it is viewed take too much bread out of the economy weakens the into recession and that is why we are cautious short-term right now making rebalance as soon as they deliver a package about the fiscal cliff. dave: with a price target on apple? >> 725. dave: if you would do this for five seconds, >> institutional ownership, google 66. dave: thank you very much. dave: the s&p futures pit. >> thanks for having me. dave: no action but plenty of meeting inside the beltway. the president ready to sit down with more ceos to discuss coming tax increases and potential budget cuts. we haven't seen any suggestions. middle class americans, we are live at the white house. liz: main street businesses taking matters into their own hands. sending this letter to congress urging them to have tax reform. we are talking to the ceo, president of the national federation of independent business w
FOX News
Nov 28, 2012 2:00pm PST
obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the experts tonight. -up ambassador -- u.n. ambassador susan rice met on a charm offensive to explain comments after the libya terror attack, where she blamed the non-existent demonstration sparked by anti-islam video. "special report" from washington starts at 6:00 eastern. now back to new york and my kriegs with "the five." ♪ ♪ ♪ ♪ >> brian: i'm going with eric to pick my own music. [ laughter ] power ball hysteria is in full force today with hours to go before tonight's historic drawing. tonight could be your night. $4,550,000,000 up for -- $500 million up fo
FOX News
Nov 27, 2012 4:00pm PST
planning a fiscal cliff road trip. we'll go to the white house and the fox report coming up in a bit. first, hours ago, more than 200,000 people crowded into the central square in cairo to call for an end to the new egyptian leader's regime. it was an enormous show of strength from the opposition that spent days blasting egypt he is new president, morsi. he upset just about everybody last week when he decided to give himself broad new powers that say his decisions don't need approval from any court. essentially he's above the law. really no different than a dictator. protests showed their across the country, some of them violent. street fighting this between demonstrators and police. president morsi tried to calm the criticism by promising to reserve his new powers for only the most important decisions. but that didn't appease the protesters. remember, just last week, the united states was publicly praising president morsi when he helped end the conflict between israel and gaza. the white house says president obama has not spoken to his egyptian counterpart since then and today the press se
CSPAN
Nov 28, 2012 7:30am EST
fiscal cliff. of course, that's two things. $500 billion tax increase of the 2001-2003 tax cuts lapse in, and the sequestration of spending restraint. sequestration is a good thing. you can massage it into devoted to saving $100 billion a year reducing the -- >> it's not a common republican 20 because of me a lot of defense cuts spent ahead of the of the conservative caucus, 60%, most conservative guys in the house jim jordan said the own thing worse than this request would be not to have savings. and you saw mitch mcconnell say we are not raising taxes to in the sequestered. so that people have drawn a line in the sand against the idea that we will spend all that -- >> let's try -- >> quickly from -- >> quickly from has to be a c-span. why? because only then would the president have to say, trying to consider what spending cuts what quick cbs hasn't done that. nbc hasn't done the. "washington post" hasn't in the. he is walking around campaigning. point of fact if you look at the savings in his budget include $800 billion for not occupying iraq. they kicked him out a while ago. he cou
CNBC
Nov 28, 2012 2:00pm EST
of things are happening here as well. it all leads back to the fiscal cliff. bob pisani has been track being the comeback for the major averages. eamon javers has been following the cliff negotiations. bob, i want to start with you. that incredible turnaround that we saw in the market sentiment this morning on some happy talk out of boehner. >> yeah. let me just show you what happened this morning here. first mr. boehner said that he was optimistic. put up the dow industrials. said he wasoptimistic that a deal could be reached. that happened here around the marked move up. then president obama got the markets to moch ve up. he said he wanted a deal before christmas. two comments today is what's moving the market. again these are all fiscal cliff issues. if you look elsewhere am some of the industries that are out, home builders had a little bit of a disappointment today. new home sales for actually below expectations. september was revised downward. we haven't seen this. this is the first sort of negative bit of housing data we've seen in a while. home builders are not going along with the rest of the story. finally retail stocks did very well. we had positive comments from express and
ABC
Nov 28, 2012 1:40am PST
moment. >>> after this half hour, we're all one day closer to the fiscal cliff. what, 34 days now? president obama is finding new ways to make his case for raising taxes on wealthier americans. >> republicans say, get off the campaign stump and get in the negotiating room and get this thing done. so it's getting interesting. >>> imagine getting hit with unpaid parking tickets that totaled $100,000. well, a woman, her ex-boyfriend, and the battle over a car that sat for three years accumulating the fines. wow! >> chicago strong. that's how they roll there. >>> later, the secrets you can learn about your health by looking in the moore rohr. there could even be clues hidden in your earlobes. mirror, mirror on the wall. >> is it really? >> who has the creepiest ears of them all? >> little waxy. >>> first did you hear that? no. it's either the clock ticking, the powerball ticket printing or the cash registers ringing. that's for sure. all of it as we get ready for tonight's enormous powerball lottery. >> like my foley effect there? >> very nice. >> the second largest lottery jackpot ever. it's at least half a billion, and strong ticket sales mean that number could go even higher. when players are lining up in the dusty arizona desert for an hour and a half
CNBC
Nov 28, 2012 9:00am EST
a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a market credible deal to solve the cliff is key to economic growth. >> that annual growth idea, that prospect is real in my view if we actually did get a market credible $4 trillion plan. the markets would realize those guys can govern. the big question is can we get a market credible plan. what would it look like at this point? >> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. m
ABC
Nov 27, 2012 6:00pm PST
increases in spending cuts that so called fiscal cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters about the rumors. david morrison has a big job. >> iville lun teared to answer the questions the public sends in. >> some of t
FOX
Nov 28, 2012 7:00am PST
not doing enough personal negotiating with congress over ways to avoid the fiscal cliff. instead, as alison burns reports, he's once again, taking his pitch to the public. >> reporter: that's right, tori. instead of negotiating directly with republicans, president obama's schedule includes more public outreach. he will be speaking in 15 minutes from the white house. the headline on the official website asks for public feedback and the obama website is now dominated by details about the president's plan to avoid the fiscal cliff. he wants to extend middle class tax cuts. but raise money on the wealthy. he meets with families and middle classers today and house speaker john boehner said, he and both president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to the white house tomorrow. president obama is going to have a private lunch with his former rival to make good on a promise the president made in his victory speech. he said the two could talk about how to work together to m
CSPAN
Nov 28, 2012 10:00am EST
table and include them as part of any agreement to avoid the fiscal cliff. as the speaker said, we have done our part. we have put revenues on the table, something that we didn't do two years ago during the debt ceiling negotiation. we still believe that it is most important for us to address the economic situation in this country where so many people are out of work. and that's why we take the position and believe strongly that increasing marginal rates is income tax rates is not the way to produce growth and to put people back to work. but we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning that it's been no serious discussion by the white house on entitlements, on medicare and medicaid. this has to be a part of this agreement or else we just continue to dig the hole deeper asking folks to allow us to kick the can down the road further and that we don't want to do. >> as we continue to move to solve the fiscal cliff problem, the one thing we do want to look at is make sure small business is growing. i started my first business when i wa
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